#43 - Turning Bricks Into Bucks: The Reverse Mortgage Advantage with Andrew Cairns
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Welcome back to Wealth Eazy, where we talk about all things wealth, health, and real estate. I'm your host, John McGuire.
Here's a shocking fact that I discovered while writing my 2nd book now: the average Canadian retires with only $260,000 in investments. That's it. After decades of working, saving, and following traditional financial advice, most people find themselves house rich but cash poor.
But what if I told you there's a financial tool that the major banks don't offer, that most financial advisors have never properly understood, and that wealthy families are now using as part of sophisticated tax strategies?
Today's guest is Andrew Cairns, a 30-year veteran of the wealth management industry who now specializes in CHIP Reverse Mortgages at HomeEquity Bank. Andrew is going to explain reverse mortgages and how families are using them at a strategic advantage.
Have you ever wondered how to unlock the equity trapped in your home without selling it?
Today, we'll explore how you can access up to 55% of your home's value without monthly payments, and why this money is completely tax-free and doesn't affect your government benefits.
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Book your ๐๐ฅ๐๐ ๐ฏ๐ฌ๐บ๐ถ๐ป ๐ฐ๐ผ๐ป๐๐๐น๐๐ฎ๐๐ถ๐ผ๐ป: https://calendly.com/d/4zf-m7f-xqw
erage Americanโall while spending guilt-free. Plus, he reveals the estate planning approach that works like building the Golden Gate Bridge, ensuring your wealth transfers seamlessly across generations instead of disappearing like the Vanderbilts' fortune.
If you're ready to stop manually saving and start automatically building wealth, this episode is your starting point.
43 episodes